Børsens News Service in English
Vestas Gains Keep C20 in Positive Territory
13-08-2010
18:24
After a volatile day marked by nervousness on the stock market, the Danish C20 index closed up slightly at 412.99.
A downbeat week has been dominated by fears of a new US recession, which were heightened by disappointing American growth figures. Fears that the path out of the financial crisis is less than straightforward affected business growth predictions both here and abroad
On a regional level, however, things look a little better. The Danish stock exchange has been encouraged by good momentum in the German economy and a number of encouraging sets of results from Danish companies.
The most popular Danish share, both today and throughout the week, was wind turbine manufacturer Vestas, which closed the day up 3.4 percent. Several large orders have strengthened confidence in Chief Executive Ditlev Engel's growth plans and caused some analysts to rethink their calculations.
Today began positively with a good set of results from Danish medicom Lundbeck, but many analysts were disappointed that no upward revision resulted. Novozymes, which had published a highly encouraging set of accounts 24 hours earlier, saw its share value drop 2.7 percent as investors cashed in profits made on yesterday’s gains
Banks have also had a challenging week. Danske Bank shares fell by a modest 0.6 percent today, but have lost 7.3 percent of their value over the week.
A downbeat week has been dominated by fears of a new US recession, which were heightened by disappointing American growth figures. Fears that the path out of the financial crisis is less than straightforward affected business growth predictions both here and abroad
On a regional level, however, things look a little better. The Danish stock exchange has been encouraged by good momentum in the German economy and a number of encouraging sets of results from Danish companies.
The most popular Danish share, both today and throughout the week, was wind turbine manufacturer Vestas, which closed the day up 3.4 percent. Several large orders have strengthened confidence in Chief Executive Ditlev Engel's growth plans and caused some analysts to rethink their calculations.
Today began positively with a good set of results from Danish medicom Lundbeck, but many analysts were disappointed that no upward revision resulted. Novozymes, which had published a highly encouraging set of accounts 24 hours earlier, saw its share value drop 2.7 percent as investors cashed in profits made on yesterday’s gains
Banks have also had a challenging week. Danske Bank shares fell by a modest 0.6 percent today, but have lost 7.3 percent of their value over the week.
*****||*****Vestas Gains Keep C20 in Positive Territory*****||*****After a volatile day marked by nervousness on the stock market, the Danish C20 index closed up slightly at 412.99.*****||*****
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